trending Market Intelligence /marketintelligence/en/news-insights/trending/TvzTqbyWvOoxYGkaXFAe3A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Hargreaves Lansdown bosses to give up bonuses over Woodford scandal

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Report: Hargreaves Lansdown bosses to give up bonuses over Woodford scandal

Several executives of Hargreaves Lansdown PLC will give up their bonuses for 2019 after clients of the U.K.-based investment platform were hit by the suspension of high-profile fund manager Neil Woodford's LF Woodford Equity Income Fund, Reuters reported, citing a source with direct knowledge of the matter.

CEO Chris Hill, CFO Philip Johnson, Chief Investment Officer Lee Gardhouse and Research Director Mark Dampier will surrender their bonuses for the year, the source said. Hill is said to be waiving as much as £2.1 million in bonuses until the troubles with the suspended fund are resolved.

Woodford's suspension of the fund in early June left nearly 300,000 Hargreaves Lansdown clients unable to withdraw money from the fund, Reuters noted. In July, the customers were allowed to move their money to a different investment platform.

Woodford blocked redemptions from the fund in early June amid growing client withdrawals.